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Paper 2.2 - Corporate and Business Law (English) |
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Aim To develop knowledge and understanding of the overall legal framework within which an accountant operates. Objectives On completion of this paper candidates should be able to:
Content The English legal system court structure and the administration of justice, case law and legislation, precedent, statutory instruments, statutory interpretation. Impact of European Community legislation. General principles of the law of contract formation, offer, acceptance, consideration, intention to create legal relations, terms: exclusion clauses and statutory control, breach, remedies. Agency and partnership creation of agency, authority of the agent, formation of a partnership, internal regulation, relations with outsiders. The company form distinguished from partnership, private company and public limited company, consequences of separate legal personality. The formation and constitution of the company registering a company, memorandum and articles of association, contractual capacity, statutory books, records and returns. Capital and financing of companies share capital, ordinary and preference shares, loan capital, debentures and company charges, capital maintenance, dividend law. Management and administration of a company directors, appointment, termination of office and disqualification, duties (especially duty of care), powers; company secretary, appointment, duties, powers; auditors, appointment, removal, resignation, duties, powers. Company meetings annual general meetings, extraordinary general meetings, resolutions. Majority control and minority protection unfair prejudice, just and equitable winding up, DTI investigations. Employment contracts of service and for services, unfair and wrongful dismissal, redundancy, discrimination. Click on relevant title for Paper 2.2 - Corporate
and Business Law syllabus. (The above links open new windows) |
